Lendable MSME Fintech Credit Fund

Equity : August 2021

BIO has invested USD 3.5 M in equity in Lendable MSME Fintech Credit Fund, a closed-end private credit fund focused on FinTech companies in Africa and Asia

Amount

€ 2,994,950.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Financial inclusion
  • Promotion of ESG best practices
  • Gender

Beneficiary locations

Asia: India, Indonesia, Vietnam
Sub-Saharan Africa: Kenya, Nigeria, South Africa

Investment field

Investment Companies & Funds

Activity

KK.64.302 FI Fund

Organisation

Lendable MSME Fintech Credit Fund

Domicile

Luxembourg

Lendable is a leading debt finance provider to FinTech companies across frontier and emerging markets that create access to new financial products and services for un- and under-banked populations. Lendable finances FinTech companies that facilitate consumer and MSME credit, productive asset finance, payments, remittances, and digital marketplaces. From its offices in Nairobi, London, and Singapore, and using its proprietary technology and data, Lendable directly originates, structures, underwrites, and monitors all transactions. As of 2021 Q3, Lendable has disbursed over $180m to FinTechs in over nine countries.

Development impacts

  • Local economic growth

    The Fund will provide financing to FinTech companies, struggling to attract local financing. Many of these FinTechs are FIs that on lend to the local economy (digital MSME lenders, digital MSME asset financers, digital marketplaces).

    Indirectly, those investees provide funding to MSMEs

  • Financial inclusion

    The Fund’s investments in FinTechs will improve the population’s access to financial services, providing access to credit to micro-entrepreneurs, inclusive payment services, and renewable energy products

  • Promotion of ESG best practices

    BIO is the shaping force behind the fund's E&S policy and building an ESMS.

    BIO's investment contributes to directing Lendable to more responsible investees (especially in consumer lending and the application of customer protection standards)

  • Gender

    Eligible on two 2X criteria, leadership and employment.

    Commitment to increase the number of women in the board.

Read impact and news about this project

Lendable to Launch $100 million Emerging Market Fintech Fund with Leading Impact and DFI Investors

News

Lendable to Launch $100 million Emerging Market Fintech Fund with Leading Impact and DFI Investors

12-10-2021

Lendable Inc., a leading emerging market fintech credit provider, is targeting a ground-breaking USD 100 million closed-ended fund focused on emerging and frontier market fintech investments.

Read more

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